Professor Bushs economic nostrum

To help us understand how it came to this,
let's reflect on the profound insight of that eminent economic
theorist, George W. Bush. While campaigning for president in 2000, he
explained his approach to economic policy with this theorem: "We
ought to make the pie higher."

What the professor was trying to express is the
old notion that by baking a larger pie, everyone can get a bigger slice.

Workers did their part, putting in longer hours,
increasing output and getting more creative on the job. But the Bushites
baked their pie with heaping cupfuls of anti-worker legislation, skewed tax
cuts and assorted wage-busting policies. As a result, Bush has simply
fattened the slice that goes to corporate profits and wealthy speculators,
leaving the workaday majority of folks with even slimmer pickings than they
had before.

Maybe so, say Bush and Company, but look at the 5
million new jobs created on our watch. Creating 5 million jobs in eight
years is a pathetic record, not even keeping up with the 20 million new
jobseekers who've entered the workforce during his tenure.

Besides, the issue is not jobs. Think about it: Even
slaves had jobs. You could ask a waitress at a cafe or bar in your town if
she's aware that Bush created 5 million new jobs, and she'll
say, "Yeah, I know, I have three of them."

The issue is wages and middle-class income.
That's how ordinary Americans measure prosperity, and that's
the main reason that 81 percent of people now say that our current leaders
have sent America in the wrong direction.

This is why there's now a populist stirring
from coast to coast. American workers have had all the tinkle-down
economics they can stand, and they are eager for a grassroots approach of
percolate-up economics, investing directly in workaday people to renew
middle-class possibilities. This means such steps as restoring the right to
form unions, providing universal health care, initiating a
multibillion-dollar national drive to build a green economy, enlisting
millions to repair our neglected infrastructure, making a real commitment
to public education and returning to progressive taxation.